Accounts Receivable Specialist Mock Interview

Practice 30 Accounts Receivable Specialist interview questions covering collections, aging reports, and payment reconciliation.

Question 8 of 30

Do you think cash should be accepted as a form of payment?

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Bobbi Witt
Bobbi Witt

Bobbi Witt is an HR Manager and Senior Level Finance and Accounting Consultant. Her experience includes 9 years at a Fortune 500 company where she held a wide range of financial and management accountabilities.

"In my growing experience and coming from a younger generation, I rarely carry or use cash. I mostly use a debit or credit card. We debated this topic while I was earning my associates' degree, and our class was divided on this topic. I know of a few restaurants in New York that have moved to a cashless policy but feel this is more of an isolated case. I believe this scenario is a slow trend that we will be seeing it happening more and more. Cash-heavy businesses are an easy target for robbers, and e-transactions are an easy target for hacking and have higher fees for business, so there are two sides of the coin in this debate. I also see cryptocurrency transactions increasing, because of the meager fees involved."

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